February 11, 2022
published at 6:00 AM CET
AXA announced today that it has completed the sale of AXA Insurance Pte Ltd (AXA Singapore
) to HSBC Insurance (Asia-Pacific) Holdings Ltd** (HSBC
), for a total cash consideration of USD 529 million*** (or Euro 463 million****).
* Operations in Singapore related to AXA XL, AXA France, AXA Partners, MAXIS and AXA Global Healthcare are not within the scope of this transaction.
** A wholly owned subsidiary of the Hongkong and Shanghai Banking Corporation Limited.
*** Including a price adjustment reflecting customary closing conditions.
**** 1 Euro = USD 1.1425 as of February 9th, 2022 (Source: Bloomberg).
Investor Relations team
Axa Media Relations